Which way does the stock market go from here? Great question especially given the "critical juncture" nature with the Fibs, Elliott Wave, cycles and projections it's flirting with now. Even the ChartsEdge data of various types - weekly cycle, intraday cycle (below), TCI, etc., can have different implications. One thing, if the market goes under yesterday's lows, that may "speak". Indices like the Russell 2000 and S&P 400/MidCap index made higher highs yesterday, unlike the SPX and Dow Industrials - but that could also go along with a "b" wave up (or even a wave 1 with wave 2 pullback a'waiting). Well, despite not a high confidence level, here's thanks to Mike Korell for his intraday cycle map for today, from his site at http://www.chartsedge.com/wp/
=============
ChartsEdge BP Chart
Posted: March 4th, 2010 | Author: Mike Korell |Filed under: One-Day Market Map | No Comments »
Posts
No comments:
Post a Comment